ChainCatcher news, according to The Block data, as of yesterday, there are a total of 519.28 million USDT stablecoins on the TON network.At the beginning of this month, the total locked value of the TON blockchain exceeded 600 million dollars, which is double the locked value three weeks ago. According to DefiLlama data, the current locked value of TON has surpassed 670 million dollars.

ChainCatcher news, Curve Finance announced on platform X that it has opened voting to launch the first liquidity pool that only supports Tether, which is also the first aUSDT liquidity pool in the current DeFi market. It is reported that the voting will end on July 1.

ChainCatcher News, the U.S. Deputy Secretary of the Treasury made a formal statement to the Senate Banking, Housing, and Urban Affairs Committee, claiming that Russia is using Tether's USDT stablecoin to evade economic sanctions.

ChainCatcher news, citing informed sources from Bloomberg, reported that Tether instructed crypto clients to send dollars to its Bahamian banking partner, Capital Union Bank Ltd., via Signature's Signet payment platform to pay for its USDT stablecoin. The sources said that while it is unclear when this arrangement began, it had already started before regulators took over Signature Bank last month.Tether stated in an email: "The banks that Tether uses are always able to access multiple banking channels and counterparties." The company's risk management "allows us to identify specific risks and weaknesses that others overlook, ensuring that our entities are not exposed to direct or indirect risks from Signature." Previously, it was reported that U.S. prosecutors had been investigating Signature Bank's dealings with crypto clients before regulators suddenly took over the bank.According to sources, investigators from the Justice Department in Washington and Manhattan are looking into whether Signature took adequate measures to detect potential money laundering by clients, such as carefully scrutinizing account openers and monitoring transactions for signs of criminal activity. The bank and its employees have not been accused of wrongdoing, and the investigation may conclude without further action.It is reported that Capital Union, a boutique bank headquartered in Nassau, Bahamas, lists digital assets as one of its main businesses, alongside lending, wealth management, trading, and execution. The company was founded in 2013, with a net profit of $50.1 million in 2021 and total assets of $1.56 billion. Capital Union and another Bahamian bank, Deltec Bank & Trust Ltd., are responsible for safeguarding Tether's cash reserves, while Cantor Fitzgerald LP is the custodian of the U.S. Treasury securities held by Tether. (Source link)